I am currently looking in NC and SC, as New England is way more expensive than other areas.

This will drive how much you can borrow.Consider More Modest Options FirstWith $200k in investments to deploy, look at starting with 1-2 short-term rental properties first to gain experience before scaling up.Explore markets closer to your mom's current location that may have lower costs but still tourism appeal.This allows you to validate the model and your ability to operate short-term rentals successfully before risking more capital.The short-term rental concept could potentially work, but I would recommend starting with a smaller, very well-researched first step to validate the model before going all-in on a larger endeavor.

Hi, we are currently closing on a property for investment purposes. 

@Jazzous Anderson try NARPM.comAlso, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

I am currently a commercial retail tenant agent, have one rental property and am looking to grow my portfolio. 

Loan to _______________________________________ Balance $____________________________ Interest rate: _________ %, Monthly Payment $___________________ Loan Number _____________ Date last payment made____________________________ Loan current through _________________B.

I am currently in Austin and the wholesale opportunity is not as lucrative here like in San Antonio or Houston.

Seems crazy, but that is the current rules.To answer @Joe Villeneuve question “How long will it take before the accumulated appreciation, outgain the accumulated negative CF?”

While I am not in a position to buy positions, I believe on your listing thread, it would be very helpful to share at least purchase price, current T12 NOI, and loan balance for both portfolios you are looking to sell.